LMC hires new controller

Levin Management Corp. has added to its accounting team to help support the continued growth of its retail real estate services platform in the region.

Lai Lau

The North Plainfield-based firm announced last week that it has hired Lai Lau as controller. She brings more than 30 years of accounting experience, specializing in retail shopping centers and commercial office buildings.

Lau’s background includes overseeing all phases of financial reporting, forecasting, budgeting, cash flow analysis and supervision of staff accountants, LMC said in a news release. In her new role, she is assisting Vice President and Chief Financial Officer Paul Tavaglione in maintaining the integrity of the firm’s financial reporting and is responsible for a variety of finance and accounting functions.

Over the past 12 months, LMC has added 10 shopping center leasing and management assignments totaling 1.5 million square feet to its retail-focused portfolio, the news release said. The portfolio now includes 100 properties totaling 14 million square feet.

“Levin Management has an impressive reputation in the real estate industry,” Lau said in a prepared statement. “The company’s significant growth over the last year and vision for the future makes it an attractive place to work. I look forward to advancing my career here and helping Levin maintain its commitment to quality management and client service.”

Prior to joining LMC, Lau held positions at The Related Cos., CBRE and Sage Realty.

“Lai is an excellent addition to our growing accounting department,” Tavaglione said. “Her leadership skills and significant industry knowledge already are contributing to our team’s day-to-day operation and will be critical as we continue to expand our activity throughout the Northeast and Mid-Atlantic marketplace.”

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